Kinross Gold

What Kinross Gold does

Kinross Gold Corporation is a senior gold mining company headquartered in Toronto, Canada, founded in 1993 and listed on the TSX (K) and NYSE (KGC). The company produces gold — and silver as a by-product — from a diversified portfolio of seven operating mines across five countries: the United States (Fort Knox and Manh Choh in Alaska; Bald Mountain and Round Mountain in Nevada), Brazil (Paracatu), Chile (La Coipa), Mauritania (Tasiast), and Canada (Great Bear, in development). Its technology stack is conventional large-scale mining — open-pit and underground methods combined with heap-leach and milling/carbon-in-leach (CIL) processing — augmented by SART and rope-conveyor systems at Lobo-Marte and reuse of legacy mill infrastructure (e.g., Kettle River for Curlew; Fort Knox for Manh Choh ore). 2025 attributable production was approximately 2.0 million gold-equivalent ounces, with 2026 guidance unchanged at 2.0 million ounces (±5%) and AISC guided at $1,730 per ounce.

Kinross generates revenue by selling gold in doré and concentrate form to refineries, bullion banks, and commodity trading counterparties at prevailing spot market prices — there are no long-term offtake contracts and pricing is fully market-indexed. Q1 2026 revenue of $2.41 billion (up 61% year-over-year) reflects gold price appreciation rather than volume growth, with margins of $3,476 per ounce and record free cash flow of $837.5 million for the fourth consecutive quarter. The company's secondary 'customer' is the equity capital markets, served through investor relations, conference participation, and a capital-return program targeting 40% of free cash flow (dividends plus NCIB buybacks).

The business model is operationally driven: growth comes from organic development projects (Great Bear in Ontario, Lobo Marte in Chile, Kettle River-Curlew in Washington State) carrying a combined $4.1 billion post-tax NAV and potential to add ~3 million ounces of production through the late 2020s and beyond, supplemented by minority equity investments in junior explorers. The company maintains approximately $1 billion in net cash, employs ~6,000 people globally (99% host-country nationals), and differentiates on a 33-year zero-tailings-breach safety record and 13 consecutive years on the Dow Jones Sustainability World Index.

Name

Kinross Gold

Legal name

Kinross Gold Corporation

Website

https://kinross.com

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Kinross Gold is a Toronto-based senior gold producer operating seven mines across five countries (US, Brazil, Chile, Mauritania, Canada), producing ~2.0 million Au eq. oz. annually and selling at spot market prices to commodity counterparties while serving equity investors through capital-return programs.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (21222)

SIC

Gold And Silver Ores (1040), Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Silver Mining (IMAKAEAB), Precious Metals Smelting & Refining (IMAKAEAE)

Keywords

• Gold mining operations
• Precious metals production
• Open-pit mining
• Underground mining
• Gold doré sales

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Gold Production and Sales: Kinross generates the vast majority of its revenue from mining and selling gold in doré or concentrate form. Revenue is directly tied to the volume of gold equivalent ounces produced and the prevailing market price for gold. The company also produces silver as a by-product, contributing modestly to total revenue. Kinross sells its gold to refineries and commodity trading counterparties at market prices, with revenue highly sensitive to gold price movements. Kinross reported approximately $2.41 billion in Q1 2026 revenue (61% year-over-year increase), driven by record margins and gold price appreciation.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels7 records

Core offering

Kinross Gold operates a diversified portfolio of open-pit and underground gold mines across five countries (USA, Brazil, Chile, Canada, and Mauritania), producing gold doré and concentrate for sale to refineries, bullion banks, and commodity traders at prevailing spot market prices. The company's attributable production is approximately 2 million gold equivalent ounces per year, with silver produced as a by-product. Kinross also advances a pipeline of development projects (Great Bear, Lobo-Marte, Kettle River-Curlew) to sustain and grow production into the late 2020s.

Product overview

Kinross Gold is a senior gold mining company with a diverse portfolio of mining operations and development projects. The company operates and develops gold mines primarily focused on gold production with silver as a by-product. Key producing assets include the Fort Knox, Manh Choh, Bald Mountain, and Round Mountain mines in the United States, the Tasiast mine in Mauritania, the Paracatu mine in Brazil, and the La Coipa mine in Chile. Development projects include the Kettle River-Curlew project in Washington, the Lobo Marte project in Chile, and the Great Bear project in Canada. The company generates economic value through gold and silver production, with operations spanning the Americas and West Africa.

Differentiator

Problem solved

Functional benefit

Products and services

• Bald Mountain Mine

Quantifiable outcome

• Record free cash flow of $837.5M in Q1 2026 — fourth consecutive quarter of record cash flows
• +6 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Puma Exploration Inc.minorStrategic or Co-development Partner · 21 May 2026Kinross Gold completed a 1,870-metre Winter 2026 diamond drilling campaign at Puma Exploration's Williams Brook Gold Project in Northern New Brunswick, Canada, funded under its option agreement with Puma Exploration. At the Jaguar Gold Zone, hole WB26-195 intersected 0.45 g/t Au over 56.50 metres including higher-grade intervals up to 1.03 g/t Au over 16 metres. Kinross has launched its 2026 Summer Exploration Program with three field crews, with potential $13M+ in additional exploration expenditure over the next four years.
• Contango Silver & Gold Inc.coreStrategic or Co-development Partner · 22 April 2026Kinross holds a 70% interest in the Peak Gold Joint Venture, with Contango ORE Inc. holding the remaining 30%. KG Mining (Alaska) Inc., a subsidiary of Kinross Gold, serves as operator of the Manh Choh project in Alaska. The Manh Choh mine produced approximately 60,200 gold-equivalent ounces in 2025 (on a 100% basis), with Contango receiving a $9 million cash distribution from the JV in March 2026. Feasibility studies for Lucky Shot, Johnson Tract, and Kitsault Valley are targeted for completion in H1 2027.
• Dolly Varden Silver CorporationminorStrategic or Co-development Partner · 26 March 2026Contango Silver & Gold Inc. completed its merger with Dolly Varden Silver Corporation, resulting in a combined entity with assets including Contango's gold mine in Alaska (Manh Choh, operated by Kinross) and Dolly Varden's Kitsault Valley silver-gold project in British Columbia (where Kinross holds a 70% interest through the Peak Gold JV). The new company holds combined resources of approximately 2 million ounces of gold and 65 million ounces of silver.
• Ontario Government (One Project One Process Framework)coreStrategic or Co-development Partner · 18 March 2026Kinross Gold's Great Bear gold mine project in Northwestern Ontario was officially designated for inclusion in Ontario's One Project One Process framework — a coordinated single-window permitting approach targeting a 50% reduction in government review timelines. The Great Bear project is one of three mining projects initially designated for participation, alongside Frontier Lithium's PAK lithium project and Canada Nickel's Crawford nickel-cobalt-palladium development.
• Riley Gold Corp.minorStrategic or Co-development Partner · 26 February 2026Kinross Gold U.S.A., Inc. operates the Pipeline West/Clipper Gold Project (PWC) in Nevada's Cortez district under an exploration earn-in agreement executed in March 2024. Kinross completed an expanded soil geochemistry survey extending the gold soil anomaly by 2 km to approximately 6 km in strike length, and submitted an Exploration Plan of Operations (EPO) to the Bureau of Land Management for up to 500 drill sites and 250 acres of proposed disturbance. A seismic survey and new exploration drilling are planned for 2026.

Scale indicators12 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Newmont Corporation: World's largest gold mining company with diversified global operations across the Americas, Africa, and Australia. Most direct large-cap gold producer peer to Kinross with overlapping geographic footprint (Americas, Africa) and similar product offering (gold doré/concentrate).
• Barrick Gold Corporation: Tier-1 senior gold producer with diversified operations across the Americas, Africa, and the Middle East. Direct competitor to Kinross with similar scale, multi-country portfolio, and focus on operational leverage to gold prices.
• Agnico Eagle Mines: Senior Canadian gold producer with operations in Canada, Mexico, Finland, and Australia. Comparable to Kinross in scale, jurisdictional mix (Canada-centric), capital return philosophy, and gold-focused production profile.
• Gold Fields Limited: Major gold producer with operations in Australia, South Africa, Ghana, Peru, and Chile. Comparable senior peer with similar size, gold-only production focus, and exposure to South American and African jurisdictions overlapping with Kinross.
• AngloGold Ashanti: Global gold miner with operations across Africa, the Americas, and Australia. Similar multi-jurisdictional senior gold producer profile to Kinross, with comparable ESG focus and scale of production.
• Iamgold Corporation: Canadian-based mid-tier gold producer with operations in Canada, West Africa, and South America. Comparable mid/large-cap peer with overlapping operations in Ontario (Côté Lake) and Mauritania, and similar capital allocation dynamics.
• Endeavour Mining: Senior West Africa-focused gold producer with operations in Côte d'Ivoire, Senegal, and Burkina Faso. Comparable to Kinross as a senior producer with exposure to African jurisdictions and similar gold-price leverage business model.
• B2Gold Corporation: Mid-tier gold producer with operations in Mali, Namibia, and the Philippines. Smaller-scale but directly comparable gold-focused producer with similar growth-project optionality and emerging-market jurisdictional exposure.
• Harmony Gold Mining Company: South African-headquartered gold producer with operations in South Africa and Papua New Guinea. Comparable gold-only producer of similar scale with operations in African jurisdictions, similar to Kinross's Tasiast exposure.

Broad incumbents

• Pan American Silver Corp. Major silver producer with growing gold production following the Yamana Gold acquisition. Comparable precious metals miner operating in the Americas with overlapping jurisdictional exposure (Chile, Canada via Contango/Dolly Varden tie-in), though with a silver-skewed portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/kinrossgold
• YouTubeyoutube.com/user/KinrossGold
• Facebookfacebook.com/pages/Kinross-Gold/164891496883427
• LinkedInlinkedin.com/company/kinross-gold-corporation
• Instagraminstagram.com/kinrossgoldcorp

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments15 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kinross Gold